AllAnalyst Report
logoMorningstarMarch 26, 2024

Target Corporation: Soft Discretionary Spending and Ongoing Digital Investments Likely to Weigh on Target's Margins

Symbols
TGT
Sector(s)
Consumer Defensive
Rating
Current Price
$164.74
Fair Value
Economic Moat
Stewardship
Summary

Target serves as the nation’s sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target’s upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top US retailer. Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills

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